Monthly Archives: February 2011

Want to Collect Unclaimed Funds? Tax Sale Overages Are the Place to Start

By now you’ve probably heard about the billions in unclaimed funds the government is holding on behalf of private U.S. citizens. If you want to collect unclaimed funds for finder’s fees, you’ll want to stay away from state funds. Limitations on state funds generally don’t apply to big funds that are held outside the state … Continue reading

Information on Unclaimed Federal Funds

Unclaimed Federal Funds total billions in the US and some might be yours. The Federal Government holds over $33 billion in unclaimed property. The states between themselves hold billions more. The government does not want to keep this money – its not theirs and they can’t use it. Efforts are made to trace the rightful … Continue reading

California’s Unclaimed Property Still Rising

State of California is inundated with its growing pile of unclaimed funds with almost 11.6 million individuals still unaware of their unclaimed cash or property. In response to this unmanageable situation, the state of California has enacted Unclaimed Property Law that requires property holders such as corporations, business associations, financial institutions and insurance companies to … Continue reading

Doctors and IRS Tax Debt Relief

Out with the old…. The times of the personal medical practice are just about gone. The bulk of doctors work inside a group of doctors. So what takes place when your physician’s group gets into a tax debt with the IRS? What, if anything are you and your colleagues do about this tax debt? Visit … Continue reading

Don’t be Scammed by Fake IRS Communications

Don’t be Scammed by Fake IRS Communications The IRS receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the Internal Revenue Service. Many of these scams fraudulently use the Internal Revenue Service name or logo as a lure to make the communication more … Continue reading

IRS Tax Filing: Save Money by Claiming Deductions

IRS (Internal Revenue Services) tax filing is considered by many as a tough and confusing task. Everyone wishes to save money when filing returns. Various deductions can help you achieve this by reducing your taxable income and lowering your tax bill..IRS Tax Filing: DeductionsWith judicious IRS tax filing one can save a lot. All one … Continue reading

How to Avoid an IRS Tax Audit

An IRS Tax Audit can be one of the scariest situations a person or business can face. Sometimes the IRS has a different benefit because the average person doesn’t know enough tax law to protect against an audit. An IRS Tax Audit can be activated by irregularities on a taxpayer’s tax return or simply because … Continue reading

New York State Unclaimed Funds Total More Than $8 Billion

Sometimes we get so busy in our lives looking for that ‘something’ that will make it all worthwhile. We get so engrossed in our day-to-day tasks that most of us don’t notice that what we’re looking for is right there under our noses. No, I’m not trying to be the Dalai Lama or Dr. Phil … Continue reading

Moving? Let the IRS Know!

1. Change Your IRS Address Records You can change your address on file with the IRS in several ways: Write the new address in the appropriate boxes on your tax return; Use Form 8822, Change of Address, to submit an address or name change any time during the year; Give the IRS written notification of … Continue reading

How To Remove Federal IRS Tax Liens

The IRS has wide powers of collection of tax. One of the first things they do is to file a lien. Actually, by law, lien attaches to all the properties of the tax payer once a federal tax demand is raised. What this means is that the IRS has a right over these properties to … Continue reading